White House Urges Congress to Pass Crypto Market Structure Act

David Sacks, the U.S. White House's AI and crypto chief, has called on Congress to quickly pass the Crypto Market Structure Act (CLARITY Act). The legislation aims to establish clear regulations for all crypto assets, not just stablecoins as seen in last year's regulation bill.

Sacks emphasized that now is the time for action, citing the importance of establishing a clear framework for the rapidly evolving cryptocurrency market. He expressed confidence that the bill will be passed and signed into law by President Trump, recognizing U.S. leadership in the sector.